Arizona Real Estate Exam Prep

Arizona Salesperson Practice Exam

Our Arizona Real Estate Exam Preparation guide will have you quickly prepared for your upcoming Salesperson License Exam. We have helped license over 50,000 students with an exam pass rate of over 95%. The practice exam questions and answers were created by industry experts and are constantly updated to Arizona’s licensing requirements. We stand by our real estate practice exams and offer an exam pass guarantee.

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Arizona License Requirements

Be at least 18 years old.

Complete 90 hours of pre-licensing education.

Complete the Certification Questionnaire

Have 1 year from the date you pass the state examination to apply for your license

Not have been convicted of a felony or a crime involving moral turpitude.

Not have had a real estate application or license rejected or revoked in any state within the past two years.

Arizona Reciprocal Agreements With:

Anyone holding licenses from any of these states may apply for a reciprocal license, and may be able to forego some classroom work and other requirements.

None

Arizona Sample Practice Real Estate Exam Questions and Answers

Arizona State Section

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Question 1

What is Homestead protection?

A

Net cash remaining to investor after sale of investment property

B

The estimated value that an asset will have at then end of it's useful life

C

The status provided to a home owner's principal residence that protects the home against judgement up to a specified amount.

D

Gradual subsidence of waters, leaving dry land

Question 2

In order to obtain an Arizona Real Estate License, you must have a high-school diploma or equivalent

A

True

B

False

Question 3

Does Arizona have Homestead Laws?

A

No

B

Yes

Question 4

Which of the following is required for an Arizona applicant to obtain a Real Estate License?

A

Must have lived in Arizona for more than 2 years.

B

Must sit and pass the required exam

C

Must have a Bachelors Degree

D

Must be AT LEAST 25 years old

Question 5

What are holographic wills?

A

a will that has been approved by each family member.

B

a standard boiler plate will.

C

a will that displays in 3D

D

a will and testament that has been entirely handwritten and signed by the testator.

Question 6

Is Arizona a community property state?

A

Yes

B

No

Question 7

In Arizona, standing trees would be considered:

A

personal property

B

chattels

C

real property

D

emblements

Question 8

What term means "going to the state?"

A

Taxation

B

Emminent Domain

C

Police Power

D

escheat

Question 9

What are Arizona's Reciprocity states?

A

New Mexico

B

Arizona does not have any.

C

California

D

Texas

Question 10

In what circumstances, if any, can a broker in Arizona who is serving as an intermediary representing both parties collect compensation from both the buyer and the seller?

A

Only when both buyer and seller give informed consent to this arrangement

B

Only when both buyer and seller have legal representation

C

In most circumstances, except when the buyer and seller are related

D

None; the broker may only collect compensation from one party to a transaction

Question 11

Which of the following isn't part of a deed?

A

Habendum

B

Acknowledgement

C

Novation

D

Premises

Question 12

Which of the following would NOT put a sales person in jeopardy of losing their license in Arizona?

A

Depositing his/her clients escrow money into a personal account.

B

Placing an ad claiming to be a broker when they are not.

C

Convicted of a felony.

D

Being authorized to accept and excessive commission.

Question 13

How much is the Salesperson license fee?

A

$50

B

$25

C

$75

D

$100

Question 14

To obtain a Arizona Real Estate License, you must be at least

A

18

B

20

C

21

D

19

Question 15

Purchasing four discount points on a $200,000 mortgage will reduce a home buyer's mortgage interest rate by how much?

A

2%

B

4%

C

1%

D

2.5%

Question 15 Explanation:

On a $200,000 mortgage each discount point purchase will be worth $2,000 therefore purchasing four will cost $8,000, generally reducing your mortgage interest rate by 1%

Question 16

How often is continuing education due?

A

Every 2 years

B

Every 3 years

C

Every year

D

Every 4 years

Question 17

In Arizona, which of the following is a landlord's option for a tenant not paying rent?

A

Unlawful detainer action in court

B

Shut off the power

C

Shut off the gas

D

Lock the tenant out.

Question 18

Does Arizona have Dower laws?

A

No

B

Yes

Question 19

In Arizona, who is responsible for maintaining a habitable property and for complying with local housing and building codes?

A

Lessee

B

Buyer

C

Seller

D

Lessor

Question 20

How many continuing education hours are required?

A

15 hours

B

20 hours

C

24 hours

D

12 hours

Question 21

The Real Estate License Law is administered by

A

State of Arizona Department of Real Estate

B

Commission of Real Estate in Arizona

C

Department of Justice

D

Arizona Real Estate Commission

Question 22

Does Arizona allow Joint Tenancy or Tenancy by the entirety?

A

Both

B

Joint Tenancy

C

Neither

D

Tenancy by the entirety

Question 23

In Arizona, how soon can a broker receive a commission check after a closing?

A

Once the offer sheet is signed.

B

Once the transaction is completed and funded.

C

When the Seller moves out.

D

When the Buyer moves in.

Question 24

Which is NOT necessary for a valid contract?

A

Due Date

B

Acceptance

C

Offer

D

Legal Object

Question 25

Does Arizona recognize Holographic wills?

A

No

B

Yes

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